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Published: 2010-06-18 10:06:00
Updated: 2010-06-18 10:06:00

Roanoke Rapids files lawsuit to remove theater's tenant


Roanoke Rapids Theatre
Roanoke Rapids Theatre
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Roanoke Rapids has filed a lawsuit to get rid of the tenant of the city's troubled multimillion-dollar music theater, according to city leaders.

Earlier this month, the City Council authorized city attorney Gilbert Chichester to file a lawsuit to try to evict Lafayette Gatling and his company from the Roanoke Rapids Theatre.

Gatling agreed last year to a $12.5 million plan to buy the venue in an effort to help erase debt incurred from the project.

In April, the City Council voted to terminate its lease-purchase agreement with him over $182,000 in late payments.

City Manager Paul Sabiston said that although the city has asked Gatling to leave, he's still there.

The lawsuit is also trying to recoup the money Gatling owes the city, which is now in excess of $240,000, Sabiston said.

The $21.5 million, 1,500-seat Roanoke Rapids Theatre was expected to spur growth along Interstate 95 and to generate enough revenue to pay off a $21.5 million loan the city borrowed.

But poor ticket sales, management issues and the economy have kept the theater in the red, forcing local leaders to increase the local tax rate 5 cents to pay its bills.


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What idiot bank lent Roanoke Rapids the money anyway? Just tell them to take a deed in lieu of foreclosure and let the lender worry about it. They could move RBC Bank out of Raleigh (since they already "promised" the US headquarters would be Rocky Mount) and fit it in the center. There would be plenty of parking, something seriously lacking in Raleigh.

Or maybe it's something left behind by Randy Partin.

Hey RaceCard, are you sure that stink is from the paper mill and not from some local politicians?

Just tear it down, default on the loan - its not like 21.5 million dollars will add a great deal to our already enormous deficit...

It was a great idea, I want to build a 24 million dollar redneck barn, beer hall and race track down here in Johnston County, I got the plans, Ideas, it will make me millions, Who wants to put up the money, I'm good for it, come on just send the money. anybody, tax payers?, Sitmulus money? Oboma?

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